April 9, 2008

Canadian fundamentals remain strong: Harper

Canada’s economic fundamentals and the oversight of its financial system remain strong despite the effects of the U.S. subprime crisis now hitting the global economy, Prime Minister Stephen Harper said on Tuesday.

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ConocoPhillips, BP plan Alaskan gas pipeline

BP PLC, which operates the Alaskan pipeline shipping oil to the lower U.S., is joining ConocoPhillips in plans to build a similar natural-gas network.

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Deal paves way for CIBC funding role in ABCP fix

An obstacle to Canadian Imperial Bank of Commerce’s participation in a funding facility needed to help fix a corner of Canada’s money market was removed on Tuesday after the bank reached agreement with the group doing the repair.

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Discord in Rogers ranks opens TV hearings

In what were expected to be contentious hearings aiming to overhaul the Canadian television system for the first time in 15 years, most of the early battling took place within the camp of Rogers Communications Inc., with chief executive Ted Rogers repeatedly disagreeing with his own executives.

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Gas prices jump 2 cents a litre in a week

The average price of gasoline in Canada this week is $1.162 a litre, up 2.1 cents from a week earlier, according to an energy consultant group’s weekly report.

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World’s richest government: Russia

Russia had the second-highest number of billionaires in the world this year, but when it comes to wealth in government, the former Soviet Union is clearly No. 1.

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Stocks dip as economic woes, golds weigh

The Toronto Stock Exchange’s main index snapped its six-day winning streak and closed slightly lower on Tuesday, hurt by softer commodities and recurrent worries over the impact of the economic slowdown south of the border.

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Fed feared ‘prolonged and severe downturn’

Federal Reserve officials anticipated that the economy would shrink in the first half of the year, with some concerned about “a prolonged and severe economic downturn,” as they cut interest rates last month.

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Investor urges First Calgary chief to exit

The Russian-British plasma physicist rattling Canada’s oilpatch with a fierce battle against First Calgary Petroleums Ltd. said he’s willing to work out a compromise, but the company’s CEO, Rick Anderson, has to go

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Malacanang allays fears of rice traders - Trading Markets (press release)

Malacanang allays fears of rice tradersTrading Markets (press release), CA - 1 hour agoMANILA, Apr 08, 2008 (Asia Pulse Data Source via COMTEX) — – Malacanang Monday allayed fears of rice traders that authorities might raid their warehouses …NBI intensifies "rice watch" in Northeastern Mindanao Trading Markets (press release)Govt invokes police power over traders' threat of "rice holiday … Trading Markets (press release)all 3 news articles

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